Category: Bitcoin News

Bitcoin is poised to buck its usual strong November performance, but Bitfinex analysts suggest demand could return very soon.  November has historically been Bitcoin’s (BTC) strongest month, posting an average return of 40.82%, according to CoinGlass. However, October closed down 3.69% — despite typically delivering average gains of around 19.92% — leading some to question whether seasonal trends are still a reliable consideration.  “We are also on track to close November in the red,” Bitfinex analysts said in a report on Tuesday, as the asset’s price traded 20.60% below its…

The pain may not be over yet for Bitcoin investors, according to one crypto analyst, arguing that there’s still more leverage that could be flushed out.  Crypto analyst James Check described the recent market meltdown as a “2-sigma long liquidation event,” which wiped out a “chunk of degen gamblers.” Most of the leverage is gone, but the market “has an incredible nose that can sniff out the final hold-outs,” he added, cautioning that a further flush out could be on the cards.  “We wouldn’t be too surprised if we wick…

The Texas state government has made a major Bitcoin move, snapping up $5 million worth of shares in BlackRock’s spot Bitcoin exchange-traded fund, with another $5 million lined up for a self-custodied Bitcoin buy.  The government made the purchase on Nov. 20, with the move highlighted via X on Tuesday by Lee Bratcher, president of the Texas Blockchain Council. Bratcher said that the Texas government will eventually “self-custody Bitcoin,” but as it’s still finalizing the process, the initial $5 million “allocation was made with BlackRock’s IBIT ETF.”  “$10M is allocated…

MegaETH’s pre-deposit event unraveled on Tuesday after a cascade of technical failures disrupted what was meant to be a controlled opening for verified users. In an X post, the team said that configuration errors and rate-limit issues caused the platform’s Know Your Customer system to fail. The pre-deposit was an early window for verified users to lock in MEGA token allocations. In addition to the KYC failures, a fully signed Safe multisig transaction — prepared for a later cap increase — was executed prematurely, allowing new deposits to flow in…

Key takeaways: Zcash surged more than 10x within weeks, briefly returning to large-cap territory with a valuation above $10 billion. On Coinbase, ZEC became the most-searched asset in mid-November, surpassing both Bitcoin and XRP. The rally is supported by several real shifts: the 2024 halving, rising shielded balances and the NU6.1 holder-controlled funding model. Analysts are divided, with some calling the move a blow-off top and others viewing it as a repricing driven by renewed interest in “responsible” privacy coins amid stricter AML rules. Zcash wasn’t expected to become a…